French businesses stepped up the pace of digitalisation in 2021
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“The crisis appears to have stimulated investment needs in digital transition for businesses,” says the Banque de France in the latest report published by the Observatoire du financement des entreprises, an observatory that focuses on business financing. “Midway through 2021, 26% of SMEs reported an acceleration in spending in this area while just 2% planned to postpone or cancel spending,” explains the institution. “The pattern seems more pronounced in larger companies*, with percentages standing at 59% and 1% respectively”. The main barriers appear to be more of an operational nature, related to security constraints (cyber crime) rather than financing issues.
* In so-called ETI or “entreprises de taille intermédiaire” which employ between 250 and 4,999 people.